Bitcoin Price Expected to Dip Before Hitting $140K: Analysis

Bitcoin’s price is expected to experience short-term fluctuations before reaching new all-time highs, according to recent analysis. While currently hovering around the $103,800-$106,900 range, experts anticipate a dip towards the lower end of this range before surging past $140,000. This prediction stems from the upcoming US CPI release on June 11th, which could potentially trigger volatility as rising inflation affects Bitcoin prices.